Mercom Research Focus

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Mercom Research Focus

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Q1 2024 FUNDING AND M&A REPORT


GridX Raises $40 Million in Series C Funding

GridX Raises $40 Million in Series C Funding

GridX, a provider of cloud-based business operations support solutions to utilities and energy suppliers, has raised $40 million in a Series C funding round led by Energy Impact Partners. Other ...
/ Solar
Corporate Funding in Energy Storage Up Significantly with $12.9 Billion in Q1 2022

Corporate Funding in Energy Storage Up Significantly with $12.9 Billion in Q1 2022

In Q1 2022, $1.6 billion was raised in VC funding by Battery Storage, Smart Grid, and Energy Efficiency companies, a 21% increase compared to the $1.3 billion raised in Q1 ...
/ Efficiency, Smart Grid, Storage
BlackRock Real Assets Refinances 186 MW of Solar Portfolio in Taiwan

BlackRock Real Assets Refinances 186 MW of Solar Portfolio in Taiwan

BlackRock Real Assets, an investment banking firm, has secured TWD 9.4 billion (~$327.5 million) in debt to refinance a 186 MW portfolio of solar projects in Taiwan. Law Firm Linklaters ...
/ Solar
Project Finance Brief: Alternus Energy to Acquire 228 MW of Solar Projects in Spain

Project Finance Brief: Alternus Energy to Acquire 228 MW of Solar Projects in Spain

International renewable independent power producer (IPP) Alternus Energy agreed to a definitive agreement to acquire up to 228 MW solar projects in Spain. Alternus has executed a binding purchase agreement ...
/ Solar, Storage
Raptor Maps Raises $22 Million in Funding (1)

Raptor Maps Raises $22 Million in Funding

Raptor Maps, a solar lifecycle management software provider, closed $22 million in Series B funding led by Canadian private investment firm MacKinnon Bennett & Co (MKB). Other investors include the ...
/ Solar